Southern Asia: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Southern Asia

In 2022, the South Asian polycarboxylic acid market increased by 9.6% to $X, rising for the second year in a row after two years of decline. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +41.6% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Polycarboxylic Acid Production in Southern Asia

In value terms, polycarboxylic acid production expanded slightly to $X in 2022 estimated in export price. Overall, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 45%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports in Southern Asia

In 2022, exports of polycarboxylic acids in Southern Asia reduced remarkably to X tons, declining by -39.3% compared with the previous year. Over the period under review, exports, however, showed measured growth. The pace of growth was the most pronounced in 2016 with an increase of 130%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polycarboxylic acid exports shrank to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 48%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

India dominates exports structure, accounting for X tons, which was approx. 97% of total exports in 2022. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the polycarboxylic acids exports, with a CAGR of +6.2% from 2012 to 2022. Pakistan (-15.2%) illustrated a downward trend over the same period. While the share of India (+20 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (-20.4 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest polycarboxylic acid supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was held by Pakistan ($X), with a 1.6% share of total exports.

In India, polycarboxylic acid exports expanded at an average annual rate of +6.4% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by 40% against the previous year. Overall, the export price showed a mild expansion. The most prominent rate of growth was recorded in 2018 an increase of 45% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+2.1%).

Polycarboxylic Acid Imports

Imports in Southern Asia

In 2022, the amount of polycarboxylic acids imported in Southern Asia skyrocketed to X tons, surging by 17% against 2021. Overall, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 135% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, polycarboxylic acid imports soared to $X in 2022. Over the period under review, imports saw a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 168% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, India (X tons) was the major importer of polycarboxylic acids, achieving 87% of total imports. It was distantly followed by Pakistan (X tons), mixing up a 12% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polycarboxylic acid imports into India stood at +10.0%. At the same time, Pakistan (+29.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +29.6% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by +9 percentage points.

In value terms, India ($X) constitutes the largest market for imported polycarboxylic acids in Southern Asia, comprising 87% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +8.1%.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by 13% against the previous year. In general, the import price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when the import price increased by 22%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :